Thinking of buying a home or investing in a property? There is always that chance you end up buying a bargain property.
Buying for a much lower price, however, often comes with surprises. There are basically three terms you will hear when it comes to low priced properties in Sydney and elsewhere in the country:
Let’s have a look at these in turn, and what to be aware of.
In a world where generic real estate queries are just one Google search away, it’s nice to know that there are still people out there who can give you personalised real estate investment advice.
Before buying any property, you need to be well-informed about your personal options. Your financial capacity, the property’s investment potential, among others.
I’ve listed five essential people you should seek advice from before making a property investment:
Home loan commitments to owner-occupiers have reached its monthly peak, calculated since October 2009. Both refinance and non-refinance commitments are trending much higher over monthly and year to year indices. A disturbing trend, however, is the marginalisation of the First Home Buyers (FHBs).
Are you feeling stuck for ages at your parent’s place? Do you think you have blown enough on rent? Or may be, the idea of home ownership has started making its way into your dream figments. Newsflash: you can own your own home and why not- don’t we have the highest percentage of home owners on the planet? In fact, for reasons more than one, 2014 seems like the best time to fulfil your ownership ambition.
First home buyers are not serving too many aces these days. While I concede they are taking a beating from a very accomplished adversary (the investors), they are worsening matters by making a lot of “unforced errors”.
Australia, statistically, has the highest percentage of home owners on this planet. Need it be said then that you may be harbouring intentions of participating in this great Australian dream, too. If yes, do not but treat it as the most important decision of your career, one whose implications will be spread over the next decade, at least. Let me take you through the Dos.
Investors love the ring of the term Capital Growth; the way the term melts in their mouth. Having said this, capital growth is not always there for the taking. Achieving it needs a few hard measures, a lot of Due Diligence and a disciplined, investment-oriented mindset. It goes without saying that you have to choose your property in right suburbs but is it all you need to do? Let us find out.
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